Vietnam consistently values its cooperation with the Organisation for Economic Co-operation and Development (OECD) to ensure the transparency and efficiency of its tax system, thereby creating a stable investment and business environment while remaining ready for close exchange and coordination with the European Union (EU).
Spokesperson for the Ministry of Foreign Affairs Pham Thu Hang made the statement on February 22 in response to reporters' questions regarding Vietnam's reaction to the EU’s decision on February 17, 2026, to add Vietnam to its list of non-cooperative jurisdictions for tax purposes.
"As an active and responsible member of the international community, Vietnam always attaches great importance to cooperation and exchange with the OECD, particularly in ensuring the transparency and efficiency of the tax system. This aims to create a stable, transparent, and favorable investment and business environment for the business community, including foreign enterprises and investors," the apokesperson stated.
Throughout the OECD's peer review process regarding tax information exchange, Vietnam has proactively integrated feedback and recently updated numerous legal documents in the fields of taxation, finance, and corporate governance. These include the Law on Tax Administration, the Law on Enterprises, and Decree No. 168/2025/NĐ-CP on enterprise management. These efforts have significantly enhanced Vietnam's compliance with international standards on tax transparency and information exchange.
Currently, the Government of Vietnam is developing and implementing a National Action Plan to fulfill the recommendations of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes. Simultaneously, the country is strengthening international tax cooperation with various partners, including the European Union.
"In the spirit of the Vietnam-EU Comprehensive Strategic Partnership, Vietnam is ready to exchange, share, and cooperate closely and responsibly with the European Council and EU member states regarding our achievements in perfecting the legal system, mechanisms, and policies. Our goal is to ensure these systems are synchronized, transparent, and fair, in accordance with international standards and practices. This will facilitate a more objective and comprehensive assessment and further promote cooperation between Vietnam and European partners for mutual development and prosperity," stated the spokesperson.
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